NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing.
Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is
breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard
deviation lines and nearly the third upper deviation lines. This is a clear and convincing
VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5
times the running average and about 1M. Volume support for price action is obvious.
The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI
(black line) and is retreating a bit. The daily RS is below 80 and still trending up.
The MACD shows a classical bullish momentum pattern with the lines well above the histograms.
Overall NFLX has the risk of overextension and possible topping with a fade afterwards.
The mass index indicator shows a value into the reversal zone but until the value rises and the
drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick
5% ROI between now and the end of the week and about 50% on an options trade with
a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use
the profits realized therefrom to buy a put option to take a ride down.
Centered Oscillators
Eth shortEthereum is in a downtrend that continues until the price of $850. Buyers are trying to push the price above $1900, but now the power is in the hands of sellers, and those who entered the short trade at the price of $2000 are holding the trade. Thus, the first strong support of Ethereum is at the price of 1836. which will be touched soon. And this price is a good time to enter a long transaction. And it will continue until the price of 1888 dollars to 1900 dollars and gradually we have a fall to 800 dollars. be successful and victorious.
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled
back for two day before a huge momentous move up on Friday July 7th. where it moved
from the support of the mean VWAPs anchored in mid June into overbought territory
two standard deviations above that level. On Monday July 10, price dropped precipitiously
back to those mean anchored VWAPs. The past day was marked by sideways consolidation.
The volume profile shows the heaviest trading volume at just below the VWAPs which is
cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day
has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the
lines crossing over the zero horizontal line and parallel suggesting a bullish continuation.
Overall, I see a long trade setup with possible significant price movement anticipated perhaps
in the range of 20% targeting the pivot high last Friday.
Tight Bollinger Bands Indicate a Promising Opportunity!As we reflect upon the significant rally Bitcoin experienced in January, we can draw some interesting parallels to the current market conditions. We then witnessed a similar pattern where the Bollinger Bands tightened, leading to a substantial surge in BTC value. This occurrence has piqued the curiosity of many experts, suggesting the possibility of another significant rally shortly.
For those unfamiliar, Bollinger Bands are a widely used technical analysis tool that helps traders gauge market volatility and potential price movements. When the bands tighten, it indicates a period of consolidation and reduced volatility, often followed by a breakout or a significant price movement.
Now, you might be wondering, what does this mean for us as Bitcoin traders? It presents a compelling opportunity to consider increasing our BTC orders and capitalizing on the potential rally that may lie ahead. By recognizing the patterns and trends in the market, we can position ourselves advantageously to ride the wave of success.
Considering the current market sentiment and tightening Bollinger Bands, it is an opportune time to evaluate our trading strategies and consider taking action. Here's a call to action for you all: let's analyze our portfolios, reassess our risk appetite, and consider potentially placing additional BTC orders to benefit from the anticipated rally.
Remember, successful trading requires knowledge, strategy, and timing. By staying informed and proactive, we can position ourselves to seize market opportunities.
To further enhance your trading experience, I encourage you to explore various resources, attend webinars, and engage in discussions with fellow traders. Sharing insights and learning from each other's experiences can significantly contribute to our success as a community.
As we embark on this potential rally, let's approach it enthusiastically and positively. The Bitcoin market is known for its volatility but offers incredible rewards to those who dare to seize its opportunities.
Can AAOI continue a 400% trend up ?AAOI has trended up more than 450% since May 23th. The big question is can it continue?
The factors include:
1 Volume - volume is what causes price action. Here rising volumes above the running mean
suggest that there is plenty of volume support for price action.
2. Anchored VWAP analysis is that after a pullback in VWAP levels in mid June price has been
rising and crossing VWAP levels above it. This is essentially a VWAP breakout. Price is increasingly
overbought and overvalued and perhaps due for another correction.
3. RSI of both the lower and high time frames crossed 80 more than a week ago. Thus far
RSI is stable without any sign of falling into bearish divergence.
4. The MACD lines are parallel and well above the histogram. They are at about the 9 level.
Price reversed on June 20th into the pullback. This is when the lines were at 11.7. This reasonably suggests another pullback or correction when they rise again to 11.7
Given the above, I conclude that AAOI has upside room until divergence is seen or trading volumes change to net selling volume or price outright pivots down from a high.
Accordingly, I will take a long trade expecting to capture the end of this massive trend up.
LUV is loving the summer vacation travel LONGLUV has been in a persistent trend up for a couple of months after lackluster earnings were
reported in early May with another due on July 27th. The airports have been quite busy
with vacation travel and Southwest has been part of that action. On the 1H chart, price has
been supported by the line two standard deviations above the mean anchored VWAP which
shows persistent relative strength in a rise of over 25% over two months. Price above the
POC line of the volume profile is another sign of buyer dominance. The MACD indicator show
the lines in parallel and above a positive histogram. The relative volatility indicator shows
sufficient volatility to support momentum trading.
I will take a long trade going into earnings. I will do this with ten call options contracts
with a strike at $40 expiring on July 28th. On the last trading day, this contract had
a low of $ 0.36 and a high of $0.48 for a range of 33% in a single day. I expect similar
price action as the earnings date approaches. I expect to pay about $480 for ten contracts
and the profit expectation is 100% over the next 15 trading days.
GBP/NZD Technical Indicators Say BUY!
I see a perfect bullish convergence of 3 technical indicators.
The technical outlooks is supported by a current fundamental sentiment
and the fact that the pair is trading in a long-term bullish trend.
I assume that the pair will keep growing.
Target level - 2.0866
Please, support my work with like!
Nike Fails at Potentially Key LevelNike has lagged the broader market this year. Some traders may see an opportunity to push the downside, especially with weak quarterly results and slowing growth in China.
The first pattern on today’s chart is the 200-day simple moving average (SMA), which the footwear stock broke in mid-May. It tried and failed to reclaim it last month – a potential sign of the longer-term trend getting bearish.
In a similar vein, the 50-day SMA is nearing a potential “death cross” below the 200-day SMA.
Next, you have two sets of lower highs. One occurred between early February and early May. The other occurred in the second half of June. Such price action can be indicative of downtrends.
Third, last month’s high was below the $116 area where NKE bounced in mid-March. Has old support become new resistance?
The recent peak additionally brought stochastics to an overbought condition.
Next, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. That may suggest the short-term trend is bearish.
Finally, traders may target a price level near the October low of $82.22.
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Key Interpretation Methods of CCI IndicatorsHello?
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The CCI indicator, which is included in the 'Strength' indicator, now displays only the oversold or overbought zones.
Accordingly, it seems that there will be difficulties in understanding the indicators, so we took the time to give reinforcement explanations.
The CCI setting I use is 150.
Accordingly, it is utilized to see the flow of the mid-term and above.
The basic source value of CCI is (high + low + close) / 3.
Accordingly, we added the 150 SMA line and the CCI indicator as a secondary indicator.
If it rises a lot from the 150 SMA line, the CCI value rises above +100.
When it rises above +100, it is interpreted as entering the overbought zone.
Entering the overbought zone like this means that there is a possibility that it will exit the overbought zone in the near future.
However, while it is in the overbought zone, it also means that the force to rise is just as strong.
Accordingly, it is the basis for conducting transactions by identifying support and resistance points or sections.
Conversely, if the price drops a lot from the 150 SMA line, the CCI value will fall below -100.
Similarly at this time, when the CCI breaks out of the oversold zone, it enters the sideways zone, providing a basis for trading.
When the CCI is between -100 and +100, prices move sideways.
It is not easy to analyze with only the CCI indicator when it is in the sideways section with the CCI indicator.
Therefore, with the CCI indicator, it is recommended to find the basis for trading when entering and exiting the overbought section (CCI +100) and oversold section (CCI -100).
Since you can check the overbought and oversold sections of the Bollinger bands and CCI shown in this price chart, I think it is a good idea to use it together with the Bollinger bands.
It is quite difficult to create a trading strategy based solely on indicators like these.
Therefore, it is important to create a trading strategy by making sure to set support and resistance points on the price chart and see if the indicators are supported or resisted at those support and resistance points or intervals.
The setting value of Bollinger Bands used in this chart is 60.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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USD/CAD - Short the Pair Next Week
USDCAD is trading in a long-term bearish trend.
At the end of June, the market started a correctional movement,
after it successfuly completed a bearish impulse.
Analyzing the price action, it feels like the correction is finally over.
I expect a bearish movement next week.
Target Level - 1.3135
Please, support my work with like!
BNBUSDT right-angled broadening wedgeBNBUSDT is about to fill the corrective a-b-c retrace. After the last target reached, I'm updating this chart with potential targets based on demand zone for the next short position. An impulse wave downward can be expected. Fisher Transform oscillator on 4h-time-frame was added to speculate a price-time correlation.
PERLUSDT Impulse wave reactionPERLUSDT is igniting an impulse wave in reaction as the price bounce inner a broadening structure, in a micro triangle breakout. Fisher Transform bullish crossing is suggesting the direction in time correlation. Aiming 5% upward wave-iii.
Dollar Index (DXY) - BUYERS DOMINANCE Remains
Dollar Index will remain bullish next week.
I see a new higher high higher close on an hourly time frame
and a consequent retracement.
After the completion of a local correctional movement,
the Index will grow!
Target level - 103.152
Please, support my work with like!
BNB c-wave failure plus CMF bear divergenceBNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
BTCUSDT Wave B seems to be accomplishedBTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C zigzag correction phase.
BNBUSDT Price, time & divergences.As a update about my current bear position on CZ coin as you can see by the link below.
The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be retested. All my projections are displayed.
Technicals:
* Chaikin Money + 100EMAx100MA cross;
* ESCGO_LB;
This H4 chart is showing a lot of correlations about price, time and divergences on Chaikin Money Flow in in conjunction of 100EMA & 100MA moving averages crossover plus regular and hidden divergences, which is my system I've used to finding turn-points. If in parallel with RSI, is possible to note a lot of divergences that only Chaikin oscillator can display.
* In addition, an ABCD reciprocal (0.886:1.128) projection as an alternative projection.